Posted by Michael Wonder on 18 Apr 2017
Take the mystery out of drug pricing
18 April 2017 - Americans have clear reason to think they’re paying too much for prescription drugs.
The cost of medicines is rising faster than any other category of health-care spending, standing at almost 17% of total health costs.
What’s harder to discern is what to do about it, in part because so little is known about how drug prices are set, what discounts and rebates drugmakers negotiate with wholesale buyers, and to what extent savings are passed along to customers at the pharmacy counter. Addressing this lack of transparency would be a good first step.
